A report released Wednesday criticizes national mall owner General Growth Properties (GGP) for receiving millions of dollars from public subsidies and tax appeals, but the firm maintains it stirs economic development in the Baltimore area.
In 2006, GGP, with about $1.5 billion in property in the Baltimore area, received a $15 million tax subsidy from Baltimore City and a $1.8 million grant from Maryland?s Department of Business and Economic Development, according to the report, released by Good Jobs First, a nonprofit research center based in Washington.
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